Debt-to-equity of Duolingo, Inc. from 31 Mar 2022 to 31 Dec 2025

Taxonomy & unit: ratio: %
Description: Debt-to-equity (D/E) ratio is used to evaluate a company's financial leverage and is calculated by dividing a company's total liabilities by its shareholder equity.
Summary: Duolingo, Inc. quarterly Debt-to-equity in % history and change rate from 31 Mar 2022 to 31 Dec 2025.
Duolingo, Inc. Debt-to-equity for the quarter ending 31 Dec 2025 was 51%, a 1.1% decline year-over-year.

Debt-to-equity, Quarterly (%)

Debt-to-equity, YoY Quarterly Change (%)

Duolingo, Inc. Quarterly Debt-to-equity (%)

Period	Value	YoY Chg	Change %	Date
Q4 2025	51%	-0.56%	-1.1%	31 Dec 2025
Q3 2025	53%	+5%	+10%	30 Sep 2025
Q2 2025	55%	+8.7%	+19%	30 Jun 2025
Q1 2025	53%	+8.5%	+19%	31 Mar 2025
Q4 2024	51%	+9.5%	+23%	31 Dec 2024
Q3 2024	48%	+8.3%	+21%	30 Sep 2024
Q2 2024	47%	+8.8%	+23%	30 Jun 2024
Q1 2024	45%	+8.5%	+24%	31 Mar 2024
Q4 2023	42%	+7.9%	+23%	31 Dec 2023
Q3 2023	40%	+8.2%	+26%	30 Sep 2023
Q2 2023	38%	+9.4%	+33%	30 Jun 2023
Q1 2023	36%	+0.81%	+2.3%	31 Mar 2023
Q4 2022	34%			31 Dec 2022
Q3 2022	32%			30 Sep 2022
Q2 2022	29%			30 Jun 2022
Q1 2022	35%			31 Mar 2022

* An asterisk sign (*) next to the value indicates that the value is likely invalid.